New TDS Rules 2026: More than 10 Trucks GTA IGST RCM Entries | 1% vs 20% TDS | Sl. No. 33 to 38

Welcome back to the channel! In this comprehensive 16-minute guide, we break down the New TDS Rules 2026 focusing strictly on Inter-State transactions under Section 393(1) for Contractor and Goods Transport Agency (GTA) services. Using a practical corporate case study, we analyze how to correctly record journal entries in accounting setups, manage Reverse Charge Mechanisms (RCM), and execute proper tax withholdings. 💼 LOOKING FOR PROFESSIONAL ACCOUNTING OR CONSULTING SERVICES? If you need expert support with complex corporate ledgers, GST/TDS reconciliations, or SAP financial operations, let's collaborate! 🔗 Connect/Hire me on Fiverr:https://pro.fiverr.com/users/raj_123g... Linkedin:linkedin.com/in/rajat-kumar-gupta-finance Email Id:-rajat17041987@gmail.com Youtube Video Link:-   • New TDS Rules 2026: More than 10 Trucks GT...   💼 My Freelance SAP & Accounting Services (Fiverr Pro): • 📌 SAP O2C & Accounts Receivable: https://pro.fiverr.com/s/61Yr81A • 📌 Accounts Payable & SAP MIRO: https://pro.fiverr.com/s/K3eljk8 • 📌 Bank Reconciliation Expert: https://pro.fiverr.com/s/r3Ej5xP • 📌 SAP FICO & Accounting Expert: https://pro.fiverr.com/s/GPzYQm0 📧 For custom corporate queries, email me at: Rajat17041987@gmail.com 📍 Key Concepts Explained in This Video: • Threshold metrics: Exceed ₹30,000 single invoices vs. ₹1,00,000 annual transactions. • Individual/HUF TDS rate implementation (1%). • Handling the critical 20% TDS deduction penalty under Section 397(2)(b)(i) when a vendor fails to share PAN details. • Comprehensive book keeping workflows for both recipients and service providers. ⏱️ Video Timestamps (16:42): 00:00 - Introduction to New TDS Rules 2026 01:30 - Section 393(1) Threshold Limits & TDS Penalties 03:45 - Case Study Breakdown (Inter-State Transport Setup) 06:20 - Liability Booking & IGST RCM Entries 09:15 - Payment & TDS Withholding Adjustments 12:10 - How to Account for Missing PAN Situations (20% TDS) 14:45 - Final ITC Balancing & Month-End Closing Wrap-up If you found this step-by-step breakdown helpful, please make sure to Like, Share, and Subscribe for more finance and corporate compliance tutorials! Drop your queries in the comment section below. #TDS2026 #AccountingEntries #GST #ReverseCharge #CorporateFinance #TaxConsultant